SoftBank to invest $627 million in Snapdeal

This is latest investment by the telecommunications company as it expands aggressively overseas.

Japan's SoftBank Corp said on Tuesday that it would invest USD 627 million in online retailer Snapdeal, marking the latest investment by the telecommunications company as it expands aggressively overseas.

SoftBank, which bought No. 3 US mobile carrier Sprint Corp last year for USD 21.6 billion, said earlier this month it was taking a minority stake in Hollywood movie studio Legendary Entertainment for USD 250 million.

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